Free Resources

Nonprofit Audit White Paper Series

Five in-depth guides written by Summit Advisory's audit team for nonprofit CFOs, controllers, grant managers, and board members. Based on GAAS, GAGAS, and 2 CFR Part 200 — no fluff, no fabricated statistics.

5 White Papers | Verified Sources Only | Free Download

Complete the series — Download all five guides to build a comprehensive understanding of nonprofit audit readiness, from compliance basics to board governance.

All Five White Papers

#1 of 5
White Paper #1 of 5 · Single Audit
The New $1M Single Audit Threshold: What Every Nonprofit Finance Leader Needs to Know
The 2024 Uniform Guidance revision raised the Single Audit threshold for the first time since 2003. This guide explains what changed, who it affects, the dual-compliance problem, and what your organization should do before the next fiscal year ends.
2 CFR Part 200 Single Audit SEFA 9-Month Deadline
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#2 of 5
White Paper #2 of 5 · Audit Preparation
How to Prepare for a Nonprofit Financial Audit: The Complete Guide
A 12-month preparation timeline, master PBC document checklist, virtual fieldwork guide, and finding response framework. Covers both standard financial statement audits and Single Audits — including remote audit best practices.
12-Month Timeline Document Checklist Virtual Audit Finding Response
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#3 of 5
White Paper #3 of 5 · Common Findings
The 7 Most Common Nonprofit Audit Findings — And How to Prevent Them
Covers the most consistently recurring findings in nonprofit financial statement audits and Single Audits — from segregation of duties deficiencies to SEFA errors — with specific prevention steps and regulatory citations for each one.
Segregation of Duties Time & Effort Subrecipient Monitoring Procurement
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#4 of 5
White Paper #4 of 5 · Internal Controls
Nonprofit Internal Controls: A Board-Ready Guide to Protecting Your Organization
Based on the COSO Internal Control — Integrated Framework (2013) and 2 CFR Part 200.303. Explains all five COSO components, the board's legal responsibility for internal control, and how small nonprofits can implement effective compensating controls.
COSO Framework Board Governance 2 CFR 200.303 Fraud Risk
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#5 of 5
White Paper #5 of 5 · Board Governance
What Your Board Should Be Asking the Auditor (And Usually Isn't)
Based on AICPA AU-C Section 260 required auditor communications. Gives audit committee chairs and board members 18 specific questions — organized by audit phase — along with seven red flags that require board investigation regardless of audit outcome.
AU-C 260 Audit Committee Board Questions Red Flags
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